Ofgem issued its draft impact assessment and consultation on Market-wide Half Hourly Settlement (MHHS) on 30 April. The MHHS significant code review (SCR), which has been running since July 2017, aims to utilise the smart meter rollout and reform the electricity settlement arrangements. These reconcile the difference between how much energy a supplier purchases and customer energy consumption. The SCR looks to ensure that the majority of meters are settled using actual half-hourly readings. This is in place of the current process of using profile data to estimate consumption pattern.
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Related thinking
Business supply and services
Supplier of Last Resort true-ups confirmed by Ofgem
Ofgem has published its decision documents confirming the Supplier of Last Resort (SoLR) true-up claims submitted by energy suppliers and the amounts it has agreed as part of their SoLR levy claim. In this week’s 'Chart of the week', we review the SoLR true-up claims.
Business supply and services
The first month of the EGL against a backdrop of falling wholesale prices
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With wholesale prices falling, how many domestic customers are looking for better prices?
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Energy storage and flexibility
What’s GoOing on with REGOs?
The world of Green Certificates is a complex area of the energy sector and is set to become more-so as we head towards a period of major regulatory change in 2023. The EU’s Guarantee of Origins (GoOs) and GB’s equivalent Renewable Energy Guarantee of Origin (REGOs) are certificates proving the production...
Home supply and services
Market share shifts: Octopus Energy’s acquisition of Bulb accelerates growth
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Energy storage and flexibility
It’s a fix! BEIS floors competitive energy market
Last week saw the government announce the Energy Price Guarantee (EPG) which will see the typical dual fuel household’s unit rates capped at 34p/kWh for electricity and 10.3p/kWh for gas. Customers on fixed tariffs will get support to bring their tariffs down to the same level, up to 17p/kWh of...
Low carbon generation
BEIS confirm end-date for recognition of EU GoO imports
In this week’s ‘Chart of the Week’, we examine the historical volume of GoOs imported for FMD and explores what impact GoO removal will have on the REGO market.
Regulation and policy
What’s the story…Oxera publishes findings on Ofgem’s regulatory performance
On 6 May, Ofgem published a report on the findings of an independent review undertaken by Oxera and commissioned by Ofgem's Board into the root causes of the recent supplier failure. In this 'Chart of the week', we look at how the report assesses the performance of Ofgem in meeting...
